FirstSun Capital Bancorp (NASDAQ:FSUN) Sees Large Volume Increase – Here’s Why

Shares of FirstSun Capital Bancorp (NASDAQ:FSUN) saw unusually-high trading volume on Friday. 994,918 shares traded hands during trading, an increase of 280% from the average daily volume of 261,632 shares. The stock last traded at $38.9710 and had previously closed at $39.66.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Weiss Ratings upgraded FirstSun Capital Bancorp from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 15th. Stephens increased their target price on shares of FirstSun Capital Bancorp from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Wall Street Zen upgraded shares of FirstSun Capital Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Keefe, Bruyette & Woods raised their price target on shares of FirstSun Capital Bancorp from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th. Finally, Piper Sandler decreased their price target on shares of FirstSun Capital Bancorp from $47.00 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $45.50.

FirstSun Capital Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.92. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 19.75 and a beta of 0.32. The company has a fifty day moving average of $39.34 and a two-hundred day moving average of $37.92.

FirstSun Capital Bancorp (NASDAQ:FSUN) last issued its earnings results on Monday, October 26th. The company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $179.68 million during the quarter. FirstSun Capital Bancorp had a return on equity of 8.63% and a net margin of 7.59%. Equities research analysts anticipate that FirstSun Capital Bancorp will post 3.36 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in FirstSun Capital Bancorp by 256.4% during the 1st quarter. Royal Bank of Canada now owns 1,276 shares of the company’s stock worth $47,000 after buying an additional 918 shares during the period. State of Alaska Department of Revenue bought a new stake in FirstSun Capital Bancorp during the 3rd quarter worth approximately $75,000. Versant Capital Management Inc grew its holdings in FirstSun Capital Bancorp by 358.2% during the 3rd quarter. Versant Capital Management Inc now owns 1,961 shares of the company’s stock worth $76,000 after acquiring an additional 1,533 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in FirstSun Capital Bancorp by 10,782.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,312 shares of the company’s stock worth $245,000 after acquiring an additional 6,254 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in FirstSun Capital Bancorp in the 2nd quarter valued at approximately $256,000.

About FirstSun Capital Bancorp

FirstSun Capital Bancorp is a bank holding company that operates primarily through Sunflower Bank, N.A. The company provides banking and financial services to individuals, businesses, agricultural customers and institutions.

Its offerings include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and industrial financing, agricultural loans, treasury management and online and mobile banking services. The company also provides wealth management, trust and investment services through affiliated operations.

Sunflower Bank serves customers through branches and other delivery channels in Colorado, Kansas, New Mexico, Oklahoma and Texas.